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Apple boosting App store prices due to falling loonie

Get your 99 cent apps while you can, iPhone and iPad users.

Apple (NASDAQ: AAPL) will soon hike the prices in its App Store for Canadian customers, according to an email sent to software developers.

The email, sent out on Wednesday, said the unspecified price increase in Canada, Norway and European Union countries would take effect within 36 hours.

Apple said foreign exchange rates were triggering the increase in Canada.A spokeswoman for Apple would not comment further on the imminent price changes.

It's unknown how much prices will increase and if all products in the App Store are affected.

The loonie crashed into the high 70-cent range versus the U.S. dollar in the fall of 2008 but there was no price adjustment in the Canadian App Store. It lingered there for about six months before climbing upward into the 90-cent range and above parity.

Apple shares traded early Thursday afternoon up $3.72, or 3.5%, to $111.47 U.S., within a 52-week trading range of $70.51 U.S. to $119.75 U.S.